Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting ...
CPI Report Puts the Kibosh on Rate Cuts: What the Experts Are Saying About Inflation
Consumer price inflation reared its ugly head to start the year, dashing hopes for the Fed to lower borrowing costs anytime soon.
Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the ...
Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we're not quite there yet'
A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report ...
Inflation Rises Unexpectedly, Complicating Picture for the Fed
“Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed ...
'Jarring' CPI data makes rate hikes 'seem less inconceivable', says major Wall Street bank
January's hot CPI inflation report increases "our conviction that the cutting cycle is over" for the Federal Reserve, said a team of economists and strategists at BofA Securities. Calling Wednesday's ...
Powell says today’s CPI data shows Fed is ‘close but not there on inflation’
Fed Chairman Jerome Powell said Wednesday that the January CPI data fit with an overall picture that the Fed is “close but not there on inflation.” “Today’s report says the same thing,” he added. Last ...